“Bitcoin and gold will outlast other currencies,” Tether CEO Paolo Ardoino said in a post on X on Sunday, a minimal policy in line with how the stablecoin issuer has positioned some of its reserves over the past two years.
On May 17, 2023, Tether announced that it would regularly allocate up to 15% of its net realized operating profits to purchase Bitcoin as a reserve, adding BTC to the surplus rather than using it to reverse cycle USDT on a 1:1 basis. The company positioned the move as strengthening its balance sheet through long-term value preservation.
BTC and gold as parallel pillars
In that combination, gold ranks alongside Bitcoin.
Tether issues Tether Gold (XAUt), an allocated bar-backed token, and announced on July 24 that it has over 7.66 tons of metal-backed tokens outstanding as of June 30, 2025. Separately, as CoinDesk reported on September 5, 2025, citing the Financial Times, Tether is in talks to invest across the gold value chain, from mining and refining to royalties. Promote broader diversification.
Ardoino used to rhetorically group assets together. On September 7, he cited Bitcoin, gold, and land as hedges, then denied suggestions that Tether had sold BTC to accumulate gold, saying the company remains committed to expanding its Bitcoin position.
Today’s 8-word post is more of a restatement than a policy change – Bitcoin as a strategic asset with added returns and gold as a parallel pillar through tokenization and upstream investment potential – while the evidence suggests that the majority of reserves remain in liquid financial instruments such as US Treasuries. The next reserves report, expected at the end of this month or early next month, will show whether the allocation to BTC and gold has changed.
As of 8:10pm UTC on Sunday, the U.S. dollar index (DXY) is down 8.88% year-to-date, while Bitcoin and gold (BTC-USD and XAU-USD) are up 22.79% and 52.91%, respectively, according to MarketWatch.
